Our support has been taken out and the day started red...
Let's have a look at the SPX chart and see what it has to say.
Chart Analysis | SPX Daily (D) @AlanMasters
We now have full indicators for the SPX .
The easily moved below zero and gaining momentum.
The is now below 40 looking weak and with room for more low.
Prices closed below EMA50 easily and the lower trendline is being tested as support.
According to all the chart signals, the SPX is and continue to drop .
We also looked at the Dow Jones (DJI)
And FTSE100 (UKX)